Pepe is a digital coin based on the well-known “Pepe the frog” internet meme. It started in April 2023 and has a huge number of tokens. Pepe coin doesn’t really have any real-world value; it’s more about being fun and popular. It wants to be more famous than other similar coins, like Dogecoin and Floki. Pepe coin has a lot of fans who support it online.
Floki is another digital coin, named after Elon Musk’s dog. It began in July 2021 and has a large number of tokens too. Floki is known as Elon Musk’s favorite and helps animal charities and a gardening project started by Musk’s brother. Floki isn’t just for fun; it’s part of a bigger online system with games, art sales, finance services, and more. Floki also has many dedicated fans.
Pepe’s price is very small, and it’s worth about $307.53 million in total. Its price dropped by over 12% in a week and is considered bearish for 2024. Floki’s price is also small but a bit higher than Pepe’s, and it’s worth around $160.21 million. It’s ranked 146th in the industry in terms of crypto market cap. Floki’s price also went down by over 13% in a week’s time and analysts are also bearish on this meme coin.
Both have a limited number of tokens to keep it rare and a big group of fans who make art and videos to promote it.
But there are more downsides than the actual benefits of investing in them. First of all, they bring no real-world value and are just for fun. The prices can fluctuate drastically as they are more of Hype-driven coin offerings where people like Elon Musk can easily manipulate the prices with a few tweets. With cut throat competition from emerging coins, it’s very difficult for Floki and Pepe to sustain unless they bring something unique to their platform.
